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|Raytheon Receives $51.6 Million U.S. Navy Contract to Support Satellite Communication System|
INDIANAPOLIS, June 16, 2011 /PRNewswire via COMTEX/ --
The U.S. Navy has awarded Raytheon Company (NYSE: RTN) a $51.6 million contract to provide logistics support for the communication terminals of the Navy's Extremely High Frequency Satellite Program (NESP).
The performance-based logistics contract calls for Raytheon Technical Services Company LLC (RTSC) to fulfill all requisitions; warehouse and track government-furnished material; resolve supply-obsolescence or source issues; and evaluate, test, repair and/or modify the communication equipment as needed. The primary work will be performed at the RTSC sites in Norfolk, Va., and Chula Vista, Calif., with additional engineering support performed at the Raytheon sites in Marlborough, Mass., and Largo, Fla.
"NESP provides jam-proof communications for submarines, major surface ships and sites onshore, as well as connectivity with U.S. Army and Air Force communication systems," said RTSC Customized Engineering and Depot Support Vice President Wayne Iurillo. "As such, it is extremely important that the communication terminals remain functional and up to date. That's our commitment, and this contract will ensure that we continue to meet the Navy's need."
Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
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SOURCE Raytheon Company